Gold Road inks JV deals

The Australian Mining Review - - NEWS -

MID-TIER Gold Road Re­sources has en­tered into two earn-in JV ar­range­ments with Cygnus Gold to ex­plore acreage in South West WA.

Gold Road can earn up to a 75 per cent in­ter­est in two large ten­e­ment hold­ings cov­er­ing 3400sqkm in the Wad­derin and Lake Grace green­fields ex­plo­ration projects.

“We be­lieve this a po­ten­tially new gold district in an area of WA which has been ne­glected for many years,” Gold Road ex­plo­ration and growth ex­ec­u­tive Justin Os­borne said.

Gold Road would also subscribe for $750,000 in shares in Cygnus’ up­com­ing ini­tial pub­lic of­fer­ing (IPO) later this year.

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